- Since the monthly target's are not yet achieved, all price is doing is going to areas of liquidity to collect orders before the uproar.
- Major daily level has been tested at 185.15.
- There is also an M formation on the daily formation and it is yet to be retested.
- All the confluences are pointing towards the fact that price is bullish.
- Entry point @ 185.65 since it is a major level of liquidity before the uproar
Note
Entry point achieved. Waiting for a bullish setup.
Order cancelled
There is no bullish setup hence no trade whatsoever
Note
Just seen that there are high impact PMI news today and are being released in an hour. I believe that price is simply gathering orders before the uproar
Note
I do not plan trading around news. I will be more profitable long term if I avoided it
Trade active
Entered after a massive bullish engulfing candlestick on the one hour. Holding this trade until 189.5 for 380 pips
Trade closed manually
My intuition knows that price is going against me so I left the trade
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.